Bitcoin or gold? - page 233. | Bitcointalksearch.org

deisik

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Quote from: 1Referee on February 19, 2017, 08:44:33 AM

Quote from: LittleBitFunny on February 19, 2017, 04:11:27 AM

I would never 100% trust that my Bitcoin would be safe because it's a bit harder to secure

Bitcoin can be as securely stored as you want. If you want the best security, then you can opt to choose for something like a hardware wallet. In case of the trezor hardware wallet, even if you happen to make use of it through an infected pc, then it will still guarantee that your security can't be breached. This will make sure that only YOU will have access to your coins, and not a hacker.

Quote from: LittleBitFunny on February 19, 2017, 04:11:27 AM

gold can be kept in a safe or something like that.

That's not really a good argument. There are plenty of examples of how a safe can be opened with the right tools. It will only cost them a certain amount of time depending on how the safe is engineered. Plus it's an obvious object that stands out and screams 'Hey! Here am I!!'.

I disagree with that. In your quarters (just like in mine) there may be no such device as a safe room but in the countries and parts of the world (say, Florida) where hurricanes and tornadoes are quite common (and houses are built from shit at that), these are widespread and mostly used as a personal shelter in case of such and similar disasters. And you can store not only gold there but a good arsenal as well

Usually, possession of gold is well correlated with possession of guns

Other than that, how would you know that there is such a safe room at all (I mean before breaking into the house)?

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Quote from: LittleBitFunny on February 19, 2017, 04:11:27 AM

I would never 100% trust that my Bitcoin would be safe because it's a bit harder to secure

Bitcoin can be as securely stored as you want. If you want the best security, then you can opt to choose for something like a hardware wallet. In case of the trezor hardware wallet, even if you happen to make use of it through an infected pc, then it will still guarantee that your security can't be breached. This will make sure that only YOU will have access to your coins, and not a hacker.

Quote from: LittleBitFunny on February 19, 2017, 04:11:27 AM

gold can be kept in a safe or something like that.

That's not really a good argument. There are plenty of examples of how a safe can be opened with the right tools. It will only cost them a certain amount of time depending on how the safe is engineered. Plus it's an obvious object that stands out and screams 'Hey! Here am I!!'.

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Quote from: deisik on February 19, 2017, 04:24:50 AM

Quote from: Rostadom on February 18, 2017, 10:17:51 AM

I actually think that bitcoin is even much safer because an average thief only takes fiat money and other valuable stuffs at your home. If he sees a piece of paper with a combination of number and letters written on it (your private keys), he would just think it's some kind of rubbish and don't think that it's associated with money

Obviously, you are underestimating thieves

If this purportedly useless sheet of paper is stored in your safe (since where else you would be saving it?), this will inevitably raise questions as to why you would ever want to save it in a safe if it is no more than rubbish? And you may want to get prepared to say something plausible in reply when being cooked (if it comes to that, of course)

You can save your paper elsewhere, like, under your drawer, behind your bookshelf, etc. It's not mandatory that you put it in a safe, right? And not all of us have a safe box in our homes (like me). You can simply hide the paper somewhere where it's unlikely to be found.

And of course you can always say stuffs like "I don't know" or "My father just left me that piece of paper and I really have no idea what it's for, I just want it to put in my safe just so I'm sure I wouldn't misplace it". I know these would be a total non-sense for us because we know that it's a private key but for thieves, they might *surprisingly* believe that.

I don't think that it would come to the point that they would cook you just because of a piece of paper. Most thieves escape when the house owner becomes aware that there are thieves inside their house because the house owner can just call the police. But let's say that someone broke into your house and put a gun to your head, you can simply hand them some cash from a vault or from your drawer and say that it's all you have. Thieves wouldn't be all like, "Where's the paper!?" "Where's the papeeeeer!?" even after you handed them some cash.

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Quote from: NEWGOODOUBLE on February 19, 2017, 07:11:20 AM

Quote from: st0nefish on February 19, 2017, 06:10:02 AM

Quote from: klf on February 04, 2017, 07:11:04 PM

Quote from: st0nefish on February 04, 2017, 06:55:49 PM

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

OP just inquiring about investing in bitcoin and gold, which is best? but I think you also have to look for other potential investments, and not a problem to use gold and bitcoin to invest

Today I would say that gold is less problematic and investing in gold is much more secure than in bitcoin. Because of lack of knowledge often these are scams, and then you can lose everything very quickly.

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Quote from: st0nefish on February 19, 2017, 06:10:02 AM

Quote from: klf on February 04, 2017, 07:11:04 PM

Quote from: st0nefish on February 04, 2017, 06:55:49 PM

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

OP just inquiring about investing in bitcoin and gold, which is best? but I think you also have to look for other potential investments, and not a problem to use gold and bitcoin to invest

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Quote from: FiiNALiZE on February 19, 2017, 06:13:52 AM

Quote from: LeGaulois on February 19, 2017, 05:45:15 AM

Quote from: ?? on ??

The bitcoin is better than gold, because its value doubles every year. Moreover, it is immaterial.

Yeah, you can say bitcoin is better than gold because the value doubled, but you forgot to think the price can crash really fast. 1-2 month ago remember it took only some hours to lost 10% and lot of people started to panic, and the news covering the decrase. This voltatility can not happen with gold, and people don't want to be stressed by the need to check the price daily. Investing in gold is a 10 years plan minimum, people don't invest in gold for 2 months

Gold will require many men to have the value decrease. With Bitcoin the value could drop to double digits if one man dumps it at the right time. The dump could make a bunch of people on here very rich if they had fiat waiting to purchase Bitcoin in the markets and it would make whoever holds Bitcoin poor.

If Bitcoin goes back up to a high price after that the cycle will only continue from just a single person dumping coins.

The same scenario is less likely to happen with Gold

And who is that man?

If you refer to Satoshi himself and his 1M bitcoins, I don't really think that dumping his coins will drive the price significantly down (let alone to two digits). As to me, selling off his bitcoins won't affect the market sentiment which is bullish overall. The reason for that is quite simple since selling is sort of natural event for markets unlike, for example, banning Bitcoin withdrawals as well as deposits by Chinese exchanges (but even that didn't affect the price long term). I suspect many folks will be happy to buy his legendary stash and there will be a massive line of buyers (he could just as well sell his coins privately). These bitcoins have been there from the very beginning, and the market knows that they are there

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Quote from: deisik on February 18, 2017, 05:06:22 AM

Quote from: Xester on February 17, 2017, 09:38:40 PM

Quote from: phr0stbyt3 on February 17, 2017, 04:06:22 PM

Quote from: mamaita on February 14, 2017, 02:06:57 AM

if there is a choice bitcoin or gold I definitely would choose bitcoin, because now it harganyta has started to increase every year always go up, and the market was also now many users. This is a business opportunity in the current era

That's true gold barely gives 1-2% returns per year sometimes it also gives us loss while bitcoin has proven to provide better returns after each year plus it is being recognised by more people daily that also gives a huge bump in the price. If it continues like this I can guarantee that by end of 2017 bitcoin will be 2000$+ for sure.

The primary reason why there is good profit coming from bitcoin compared to gold is its age. Bitcoin is still young and has still a good potential to increase more in value. While gold is a very old commodity and that is why its price is stable and if there is an increase it will be in low percentage only. Another thing is that gold supply is very high compared to bitcoin which has limited supply and with this the higher the demand the higher the price of bitcoin will be

You are confusing price with value

And the value of gold doesn't seem to change much over time (unlike Bitcoin), this might be true after all, while the price of it as well as Bitcoin's greatly depend on the value of an asset in which their prices are denominated. Since the prices of both gold and Bitcoin are universally denominated in the US dollars, the change in the value of the latter will mechanically affect the prices of the former, though this doesn't mean that their values have changed

Yes it does not change much every time but at least the price is going up and up mean while bitcoin price is really volatile enough but to make sure your profit you really need to trading it ot may be if you have luck you can try gambling. You can try to earn more or lose everything, but this is not a suggestion though. But still I will prefer to do both since both of them are really worth to do

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Quote from: LeGaulois on February 19, 2017, 05:45:15 AM

Quote from: ?? on ??

The bitcoin is better than gold, because its value doubles every year. Moreover, it is immaterial.

Yeah, you can say bitcoin is better than gold because the value doubled, but you forgot to think the price can crash really fast. 1-2 month ago remember it took only some hours to lost 10% and lot of people started to panic, and the news covering the decrase. This voltatility can not happen with gold, and people don't want to be stressed by the need to check the price daily. Investing in gold is a 10 years plan minimum, people don't invest in gold for 2 months

Gold will require many men to have the value decrease. With Bitcoin the value could drop to double digits if one man dumps it at the right time. The dump could make a bunch of people on here very rich if they had fiat waiting to purchase Bitcoin in the markets and it would make whoever holds Bitcoin poor.

If Bitcoin goes back up to a high price after that the cycle will only continue from just a single person dumping coins.

The same scenario is less likely to happen with Gold.

st0nefish

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Quote from: klf on February 04, 2017, 07:11:04 PM

Quote from: st0nefish on February 04, 2017, 06:55:49 PM

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

LeGaulois

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Quote from: ?? on ??

The bitcoin is better than gold, because its value doubles every year. Moreover, it is immaterial.

Yeah, you can say bitcoin is better than gold because the value doubled, but you forgot to think the price can crash really fast. 1-2 month ago remember it took only some hours to lost 10% and lot of people started to panic, and the news covering the decrase. This voltatility can not happen with gold, and people don't want to be stressed by the need to check the price daily. Investing in gold is a 10 years plan minimum, people don't invest in gold for 2 months

Rastaman2016

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Quote from: deisik on February 19, 2017, 04:24:50 AM

Quote from: Rostadom on February 18, 2017, 10:17:51 AM

I actually think that bitcoin is even much safer because an average thief only takes fiat money and other valuable stuffs at your home. If he sees a piece of paper with a combination of number and letters written on it (your private keys), he would just think it's some kind of rubbish and don't think that it's associated with money

Obviously, you are underestimating thieves

If this purportedly useless sheet of paper is stored in your safe (since where else you would be saving it?), this will inevitably raise questions as to why you would ever want to save it in a safe if it is no more than rubbish? And you may want to get prepared to say something plausible in reply when being cooked (if it comes to that, of course)

From thieves and swindlers are not perfect and there is no institution or resource does not guarantee the full safety of your funds. Everywhere there is a risk of losing everything to the last penny.

deisik

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Quote from: Rostadom on February 18, 2017, 10:17:51 AM

I actually think that bitcoin is even much safer because an average thief only takes fiat money and other valuable stuffs at your home. If he sees a piece of paper with a combination of number and letters written on it (your private keys), he would just think it's some kind of rubbish and don't think that it's associated with money

Obviously, you are underestimating thieves

If this purportedly useless sheet of paper is stored in your safe (since where else you would be saving it?), this will inevitably raise questions as to why you would ever want to save it in a safe if it is no more than rubbish? And you may want to get prepared to say something plausible in reply when being cooked (if it comes to that, of course)

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Storing it for a long time, gold. Bitcoin is very volatile and I would never 100% trust that my Bitcoin would be safe because it's a bit harder to secure whereas gold can be kept in a safe or something like that. Bitcoin for me is more of a short-term thing and an anonymous, simple means of payment.

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Quote from: Sithara007 on February 18, 2017, 09:34:42 AM

Quote from: Altas on February 18, 2017, 06:33:58 AM

Bitcoin is better than gold. Gold is physical so it can be easily find by others rather bitcoin is not physical. Another thing it can be easily changeable but gold is little difficult to change. Day by day the value of bitcoin is increasing faster than gold. Therefore it is better to invest in bitcoin.

Physical stuff has its own advantages against the digital assets. For example, it is very difficult to steal physical stuff. But it is relatively easy to steal Bitcoins from someone who is not that tech savvy.

what do you think that either the security of Gold is easy or that of Bitcoin. bitcoin is virtual currency and it is not so easy to steal it because no one even know that how much bitcoins does a person have. but if you are keeping gold then you will permanently keeping eye on it and it is not possible therefore the security of physical stuff is more difficult as compare to online stuff.

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If i got any such situation i will choose bitcoin rather than gold because trading on bitcoin is more profitable nowadays than in gold. There is risk of choosing BTC Because its price is not stable and the downfall may occur in bitcoin.. But i will choose BTC..

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Quote from: kakasfbta on February 18, 2017, 10:27:23 PM

Quote from: bitbob82 on February 18, 2017, 01:29:38 PM

Quote from: erwin45hacked on February 18, 2017, 12:15:19 PM

Quote from: OrangeII on February 18, 2017, 11:47:47 AM

for personal, I would probably opt gold. because it may be very useful in the future. besides, you also can show it off to people. but, if it's a business problem, maybe I prefer bitcoin, because by using bitcoin, we can make a profit from a variety of ways.

You dont think that bitcoin will be usefull in the future? bitcoin is definitely the future and everyone that know how to do a simple math knows this thing. No offence but you dont make any sense at all. You cant really use bitcoin for 'business' purposes as of right now because the usage of it is pretty much limited

i think bitcoin will be more useful in future because bitcoin is becoming more and more popular as time pass. therefore we can expect that in future bitcoin will be more popular and useful. in fact people will be giving more preference to bitcoin.

Yes, bitcoin compared with gold, bitcoin has more investment advantages. Bitcoin has a huge upside potential, I think the gains should be very attractive investment bitcoin.

It's not like that, gold and bitcoin has it's different investment opportunities offered and that depends on the investor itself. If you would ask me, I would say that they are both good investment but as an investment it requires a capital, and with gold, I believe not majority of the people can set up for a good capital to invest, that is the reason why we invested with bitcoin now.

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Quote from: bitbob82 on February 18, 2017, 01:29:38 PM

Quote from: erwin45hacked on February 18, 2017, 12:15:19 PM

Quote from: OrangeII on February 18, 2017, 11:47:47 AM

for personal, I would probably opt gold. because it may be very useful in the future. besides, you also can show it off to people. but, if it's a business problem, maybe I prefer bitcoin, because by using bitcoin, we can make a profit from a variety of ways.

You dont think that bitcoin will be usefull in the future? bitcoin is definitely the future and everyone that know how to do a simple math knows this thing. No offence but you dont make any sense at all. You cant really use bitcoin for 'business' purposes as of right now because the usage of it is pretty much limited

i think bitcoin will be more useful in future because bitcoin is becoming more and more popular as time pass. therefore we can expect that in future bitcoin will be more popular and useful. in fact people will be giving more preference to bitcoin.

Yes, bitcoin compared with gold, bitcoin has more investment advantages. Bitcoin has a huge upside potential, I think the gains should be very attractive investment bitcoin.

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Quote from: erwin45hacked on February 18, 2017, 12:15:19 PM

Quote from: OrangeII on February 18, 2017, 11:47:47 AM

for personal, I would probably opt gold. because it may be very useful in the future. besides, you also can show it off to people. but, if it's a business problem, maybe I prefer bitcoin, because by using bitcoin, we can make a profit from a variety of ways.

You dont think that bitcoin will be usefull in the future? bitcoin is definitely the future and everyone that know how to do a simple math knows this thing. No offence but you dont make any sense at all. You cant really use bitcoin for 'business' purposes as of right now because the usage of it is pretty much limited

i think bitcoin will be more useful in future because bitcoin is becoming more and more popular as time pass. therefore we can expect that in future bitcoin will be more popular and useful. in fact people will be giving more preference to bitcoin.

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Quote from: OrangeII on February 18, 2017, 11:47:47 AM

for personal, I would probably opt gold. because it may be very useful in the future. besides, you also can show it off to people. but, if it's a business problem, maybe I prefer bitcoin, because by using bitcoin, we can make a profit from a variety of ways.

You dont think that bitcoin will be usefull in the future? bitcoin is definitely the future and everyone that know how to do a simple math knows this thing. No offence but you dont make any sense at all. You cant really use bitcoin for 'business' purposes as of right now because the usage of it is pretty much limited

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for personal, I would probably opt gold. because it may be very useful in the future. besides, you also can show it off to people. but, if it's a business problem, maybe I prefer bitcoin, because by using bitcoin, we can make a profit from a variety of ways.

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